Binary Options Broker Choices | Who Is Best for You?
First Criteria in Selecting a Binary Options Broker: Securities Offered
Given we are used to having full service everywhere we go in our lives it seems rather comical to think we’d go to a favorite store (or in this case broker) and find out the store doesn’t carry our favorite products. Unfortunately that is the case in dealing with a binary options broker: not all securities are traded, and not all brokers carry the same securities. The good news is that when you find a dealer that carries the securities you want… your search is over, because odds are the other dealers aren’t covering those assets. Margins are pretty narrow for the brokers so any competition at all deeply cuts into profits.
So Who Offers Which Securities?
It’s pretty well a simple breakdown. AnyOption is a foreign and commodities markets specialist. Are you interested in trading gold, silver, oil, or copper? AnyOption is your binary options broker of choice. What about foreign markets like the Hang Seng, Nikkei, or the Bombay stock exchange? If you’re into index trading and have a solid understanding of these markets then again, AnyOption is your broker du jour. If you trade Platinum however, you’ll have to go over to StartOptions.
Forex Trading with Binary Options: Where to Go for Your Fx Fix
Forex trading with a binary options broker is broken down between whether you want to trade a wide variety of cross rate pairs or instead are more concerned with what types of binary options you can trade. If you are a foreign currency specialist and have a broad knowledge of cross rate movements then Binarix is your choice. They have the widest variety of cross pairs available on their trading platform.
Tradesmarter Has Gone Through a Radical Makeover
It used to be that if you only really know the absolutely most common cross pairs but wanted a variety of alternative ways to use binary options to trade them then you would consider tradesmarter (now marketing under StartOptions). They used to offer a number of unusual alternative ways to trade the binary options market, but now they’re an also ran without all the extras. They don’t offer anything that makes them stand out and they offer next to nothing in bonus cash (which we’ll cover later) – but as we mentioned before – they do trade Platinum.
Where Is the Bonus Cash? Who Gets It and How Much?
The binary options brokers we’ve covered in this post all (at one time or another) have offered bonus cash, but who offers the best deals? It’s fairly straight forward. People with no experience trading options or who are tentative about trading should go to Binarix because they normally offer decent bonus cash to everyone based on the size of deposits.
For Active Knowledgeable Binary Options Traders Only:
Active binary options traders should be thinking about using AnyOption because they offer bonus cash selectively to their best, most active clients. If you know what you’re doing and plan on making a lot of trades, AnyOption is going to be in the best position to treat you specially because they aren’t giving away cash to inactive clients.
Are you getting in on the action? Have you been able to take advantage of these huge swings recently? You can’t take advantage of the dips unless you at least have access to buy put options or binary put options… so what are you waiting for? It’s a perfect storm out there, perfect conditions for the little guy to get in there and snipe for profits.